2 1 CFA l1 economics questions and answers pdf
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2 1 CFA l1 economics questions and answers pdf
CFA LEVEL 1 -ECONOMICSBy Analystprcp.comBy Analystprcp.com1.The Canadian dollar and the Euro share a common feature with most other major currencies i 2 1 CFA l1 economics questions and answers pdf in that:A.They can be exchanged for a fixed quantity of gold.B.Their values relative to the UK pound and the US dollar float within tightly controlled bounds.c. These currencies have value only because of our shared willingness to accept them.The correct answer is c.Modem currencies are almost all f 2 1 CFA l1 economics questions and answers pdf iat currencies with values relative to other currencies determined by demand and supply. There are some exceptions, especially in the case of small ec2 1 CFA l1 economics questions and answers pdf
onomies, where the local currency has a fixed exchange rate with, for example, the US dollar. At various points, major currencies were tied to preciouCFA LEVEL 1 -ECONOMICSBy Analystprcp.comBy Analystprcp.com1.The Canadian dollar and the Euro share a common feature with most other major currencies i 2 1 CFA l1 economics questions and answers pdf 1, Volume 2, Study Session 5, Reading 18 - Monetary and Fiscal Policy, LOS 18b: Describe functions and definitions of money2.All else being equal, estimate the change in price levels if the money supply increases by 11%.A.Price levels will decrease by 11%.B.Price levels will increase by 11%.c. Pric 2 1 CFA l1 economics questions and answers pdf e levels will increase at a faster pace (more than 11%).The correct answer is B.Quantity Equation of Exchange is:Money supply X Velocity = Price level2 1 CFA l1 economics questions and answers pdf
X Real output (MV=PY)The Equationof Exchange addresses the relationship between money and price level, and between money and nominal GDP.If all otherCFA LEVEL 1 -ECONOMICSBy Analystprcp.comBy Analystprcp.com1.The Canadian dollar and the Euro share a common feature with most other major currencies i 2 1 CFA l1 economics questions and answers pdf evel 1, Volume 2, Study Session 5, Reading 1$ - Monetary and Fiscal Policy, LOS ISd: describe theories of the demand for and supply of money.3.Suppose that the exchange rale between lhe Canadian dollar and the Brazilian real is BRL/CAD 3 27 If the interest rale in Canada is 2.5 percent and the inter 2 1 CFA l1 economics questions and answers pdf est rate in Brazil is 8.0 percent, the exchange rale you should expect one year from today is closest toA.BRI ./CAI) 3.45B.BRI ./CAI) 3.10c. BRI ./CAI2 1 CFA l1 economics questions and answers pdf
) 3.53The correct answer is A.To understand the Fisher relationship that links interest rates and forward exchange rates, recognize that an investmentCFA LEVEL 1 -ECONOMICSBy Analystprcp.comBy Analystprcp.com1.The Canadian dollar and the Euro share a common feature with most other major currencies i 2 1 CFA l1 economics questions and answers pdf isand investing it in Brazil. That is 1 X 1.025 F = 3.27 X 1.08, where F is the future exchange rate between the Canadian dollar and the real.Solving for the future rate, F = 3.27 X (1.08/1.025) = BRL 3.45/CADCFA Level Ĩ, Volume 2, Study Session 5, Reading 20 - Currency Exchange Rates, LOS 20f: Expl 2 1 CFA l1 economics questions and answers pdf ain the arbitrage relationship between spot rates, forward rates, and interest rates4 The effect of imposing additional emissions control requirements2 1 CFA l1 economics questions and answers pdf
on electricity producers can be best characterized as a:A Leftward shift in the electricity supply curveB. 1 eftward movement along the electricity sCFA LEVEL 1 -ECONOMICSBy Analystprcp.comBy Analystprcp.com1.The Canadian dollar and the Euro share a common feature with most other major currencies i 2 1 CFA l1 economics questions and answers pdf ven quantity' of electricity production, producers must now receive sufficient extra income to receiver the additional cost of the emission control equipment. Therefore, this is a leftward movement of the supply curve. 2 1 CFA l1 economics questions and answers pdf CFA LEVEL 1 -ECONOMICSBy Analystprcp.comBy Analystprcp.com1.The Canadian dollar and the Euro share a common feature with most other major currencies iGọi ngay
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